Summit Global Investments Acquires Shares of 21,681 Life Time Group Holdings, Inc. (NYSE:LTH)

Summit Global Investments acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,681 shares of the company's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Jane Street Group LLC lifted its position in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company's stock valued at $4,446,000 after purchasing an additional 108,283 shares in the last quarter. Franklin Resources Inc. bought a new stake in Life Time Group during the 3rd quarter worth approximately $593,000. Quadrature Capital Ltd purchased a new position in Life Time Group during the third quarter valued at approximately $697,000. JPMorgan Chase & Co. boosted its position in shares of Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after purchasing an additional 356,255 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Life Time Group by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company's stock valued at $36,585,000 after acquiring an additional 152,504 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LTH shares. Royal Bank of Canada set a $35.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Northland Securities set a $39.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th. Mizuho boosted their target price on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, Guggenheim increased their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.

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Life Time Group Stock Down 3.9 %

LTH stock traded down $1.25 during mid-day trading on Friday, reaching $30.49. The company had a trading volume of 2,166,097 shares, compared to its average volume of 1,480,063. The firm has a fifty day simple moving average of $30.45 and a 200 day simple moving average of $26.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93.

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 1,741 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the sale, the executive vice president now directly owns 143,030 shares of the company's stock, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock worth $152,891,556 over the last ninety days. Corporate insiders own 8.70% of the company's stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.